Overview

Revenue Assurance is usually understood as a means to identify and remedy, and perhaps also to prevent, problems that result in financial under performance without seeking to generate additional sales. The most common metaphor is that of leaking water from a pipe, where water stands in place of revenues or cash flows, and the leaks represent waste.
The value of Revenue Assurance is hence determined by the size of the leaks "plugged", and possibly also those leaks prevented before they occur, although estimating the value of the latter is very problematic.
The value added also includes the recovery of "lost" revenues or costs (through issuing additional bills, chasing uncollected payments, renegotiating with suppliers a refund of costs etc.) after the fact.
Our Revenue Assurance Compliance Services provide an independent assurance of controls and integrity of information processed by automated systems so that you can take any steps necessary to be confident that your business is realizing full revenue for the goods and services that it provides to customers. Like:-

Revenue loss due to sale at a lower than contracted rate.

Revenue loss due to excess discount given.

Revenue loss due to amount recoverable where credit period allowed exceeds the approved credit period.

Revenue loss due to credit allowed for more than approved credit limit.

We carry out Revenue Assurance Compliance Services for organization by re-computing all relevant charges and income using ACL Analytics “ACL is a leading name in the audit & risk compliances and is being used by 89% of the fortune 500 companies, managing their audit & risk compliances”. This is to ensure that the organization is not losing revenue in any way and customers are not being overcharged or undercharged. We have assisted many organizations plug unnecessary revenue leakages and maintain a steady stream of expected revenue.

We help probe further to identify the sources of revenue leakages and their root causes and we recommend corrective measures and other safeguards that, when implemented, should ensure that the revenue due to the organization is fully realized in future. After implementation, we conduct a review to give the highest level of confidence to stakeholders that the revenue potential is being maximized.

Revenue Assurance Compliance Service from Trident provides an independent assurance of controls and integrity of information processed by automated and non-automated systems so that management can be confident that business is realizing full revenue for the goods and services being rendered by it.

Please get in touch with us to know more how we can help you with our Revenue Assurance Compliance Service offering. Call on +91 11 6940 0449 or write to us at info@tridentinfo.com